Professor and Family Economist
Room 275F McNH
1985 Buford Ave
St Paul, MN 55108
Areas of Interest
Intersection of Social and Economic Decision Making
Families and Work
Family Financial Issues Within Relationships
Change and Resiliency
Farm Women, Families, and Businesses
Children and Money
Ph.D., Family Economics and Management, Iowa State University
M.A., Family Economics and Management, Michigan State University
B.S., Home Economics Education and Extension, University of Wisconsin
EDFP (Economic Development Finance Professional)
Honors & Awards
2014 Hubler Award for Excellence in Service to Family Businesses
2012 Fellow designation-IFERA (International Family Enterprise Research Academy).
2012 Best Student Paper Award at NCFR’s Theory Construction and Research Methodology Workshop for the manuscript entitled “Family Health Behaviors Model: A Conceptual Framework for Family Research and Interventions in Family Health Prevention” by Diego Garcia-Huidobro and Sharon M. Danes (as second author, I mentored Diego (doctoral student in FSoS) in writing the manuscript.
2012 NEAFCS (National Extension Association of Family and Consumer Sciences) Dean Don Felker Financial Management Award for Invest NOW: Money in Retirement: An Asynchronous Web-based Course (State affiliate and Central Region Winner).
2012 Epsilon Sigma Phi (Pi Chapter) Distinguished Team Award for Educational Response in Families’ Financial Situation After a Natural Disaster.
2011 Keynote address for IFERA (International Family Enterprise Research Academy) Annual Conference in Palermo, Sicily, entitled, “Family Constructs in Family Business Research: Present and Future”, June 27-30, 2011.
2010 Reviewer Excellence Award Certificate from the Family Firm Institute for reviewing excellence for Family Business Review.
2009 FERC (Family Enterprise Research Conference) Best Paper award for the paper: Explorations of the Power Relationship Between Business-Owning Couples: Managing Decisions Through Collaborative Power Interactions.
2009 Journal of Developmental Entrepreneurship John Jack Award for the paper “Determinants of Family Business Resilience after a Natural Disaster” for the overall best paper presented at USASBE (U.S. Association of Small Business and Enterprise) Annual Conference dealing with entrepreneurship by women or minorities or under conditions of adversity.
2008 Journal Article of the Year award from AFCPE (Association of Financial Counseling and Planning Education) for the article: Danes, S.M. & Haberman, H.R. (2007). Teen financial knowledge, self-efficacy, and behavior: A gendered view. Financial Counseling and Planning, 18(1), 48-60.
2007 Minnesota Extension Association of Family and Consumer Sciences Communication Award: Educational Curriculum Package for “Organizing Your Important Papers”.
2007 National Extension Association of Family & Consumer Sciences Educational Curriculum Package National (Third) and Regional Award (Second) with Financial Security for Later Life University of Minnesota Extension program team.
Teaching & Learning
University of Minnesota Extension Teaching - Rural MN Life
FSoS 5193/8193: Directed Study in Family Social Science
FSoS 8001- Conceptual Frameworks in the Family
FSoS 8794: Directed Research in Family Social Science
Research & Discovery
Family Businesses - Factors at the intersection of the family and business systems that affect the viability of family businesses.
Families and Finances - The intersection of social and economic decision making is the central focus to Sharon's work on family finance.
Outreach & Engagement
Rural MN Life: provides information for family business vitality and about personal finance for families.
Planning Ahead for Retirement: a comprehensive guide to retirement planning includes information on estimating the income you will need to retire, setting meaningful goals, understanding financial products, making investment choices, financial planners, and health and life insurance.
Teaching Children Money Habits for Life: provides information, suggestions, and activities parents can use when teaching children of different ages and stages of development about money.
Change, Loss, Opportunity and Resilience: guides people through the processes of emotional reactions, spending patterns, rethinking goals, and managing conflict should you be adjusting to the loss together with a partner.
Suddenly Reduced Income: guides families through emotional, financial, and relationship complexities when adjusting to a sudden reduction in income.
Children and Money - Allowances and Alternatives: provides information on ways children might receive money and on how to provide allowances.
Jang, J & Danes, S.M. (In press). Are we on the same page?: Copreneurial Couple goal congruence and business viability. Entrepreneurship Research Journal.
Gudmunson, C.G. & Danes, S.M. (In press). Family social capital stocks and flows in family businesses. Family Relations special issue on family businesses.
Jang, J & Danes, S.M. (In press). Role interference in family businesses. Entrepreneurship Research Journal special issue on emotion.
Heck, R. K. Z., Danes, S. M., & Stafford, K. (In press). Extensions of the Sustainable Family Business Theory: Operationalization and application. In P. A. Poutziouris, K. X. Smyrnios, & S. Klein (Eds.), Family Business Research Handbook (Chapter x, pp. XXX). International Family Enterprise Research Academy (IFERA) & Edward Elgar Publishing.
Danes, S.M., & Jang, J. (2013). Copreneurial identity development during new venture creation. Journal of Family Business Management, 3(1), 45-61. Doi:10.1108/20436231311326481.
Danes, S. M., & Brewon, K.E. (2013). The role of learning context in high school students’ financial knowledge and behavior acquisition. Journal of Family and Economic Issues. Doi: 10.1007/s10834-013-9351-6.
Danes, S.M., Craft, S.M., Jang, J., & Lee, J. (2012). Liability of newness: Assessing couple social support when starting a new business venture. Journal of Marriage and Family Therapy. Doi: 10.1111/j.175-0606.2012.00308.x.
Hedberg, P.R. & Danes, S.M. (2012). Explorations of dynamic power processes within copreneurial couples: Journal of Family Business Strategy, 3, 228-238.
Lee, J. & Danes, S. M. (2012). Uniqueness of family therapists as family business systems consultants: A cross-disciplinary investigation. Journal of Marital and Family Therapy, 38(s1), 92–104. Doi: 10.1111/j.1752-0606.2012.00309.x.
Onstad, P., Danes, S.M., Hardman, A.M., Olson, P.D., Marczak, M.S., Heins, R.K., Croymans, S., & Coffee, K.A. (2012). The road to recovery from a natural disaster: Voices from the community. Manuscript under review: Community Development: Journal of the Community Development Society, 1-15.
Gudmunson, C. G., & Danes, S. M. (2011). Family financial socialization: Theory and critical review. Journal of Family and Economic Issues, 32, 644-667.
Danes, S.M. (2011). Pillow talk leaks: Integrating couple interactions into entrepreneurship research. Entrepreneurship Research Journal, 1(3), 1-5.
Haynes, G., Danes, S.M., & Stafford, K. (2011). Influence of federal disaster assistance on family business survival and success. Journal of Contingencies and Crisis Management, 19(2), 86-98.
Danes, S.M. & Brewton, K.E. (2011). Follow the Capital: Benefits of Tracking Family Capital across Family and Business Systems (Chapter 14, ppgs. 227-250). In Alan Carsrud & Malin Brannback (Eds.), Understanding Family Businesses: Undiscovered Approaches, Unique Perspectives, and Neglected Topics. Springer.
Danes, S.M. & Stafford, K. (2011). Family social capital as family business resilience capacity. In Richard Sorenson (Ed.), Family Business and Social Capital (ppgs. 79-105, Chapter 7). Edward Elgar: UK.
Stafford, K., Bhargava, V., Danes, S.M., Haynes, G., & Brewton, K.E. (2010). Factors associated with long-term survival of family businesses: Duration analysis. Journal of Family and Economic Issues, 31(4), 442-457.
Brewton, K., Danes, S.M., Stafford, K., & Haynes, G. (2010). Determinants of rural and urban family firm business resilience. Journal of Family Business Strategy, 1(3), 155-166.
Vitt, L.A., Danes, S.M., Hogarth, J, O’Neil, B., Tatom, J. & Walstad, W. (2010). Evaluation and measurement of learner outcomes in financial education. In The Quarter Century Project: 25 Years of Research in Financial Education. Denver, CO: NEFE Convenings. www.nefe.org.
Fitzgerald, M., Schrank, H., Haynes, G., & Danes, S.M. (2010). Socially responsible processes of small family business owners: Evidence from the National Family Business Survey. Journal of Small Business Management, 48(4), 524-551.
Werbel, J.D. & Danes, S.M. (2010). Work family conflict in new business ventures; The moderating effect of spousal commitment to the new business venture. Journal of Small Business Management, 48(3), 421-440.
Matzek, A.E., Gudmunson, C.G., & Danes, S.M. (2010). Spousal capital as a resource for couples starting a business. Family Relations, 59, 58-71.
Danes, S.M., Matzek, A.E., & Werbel, J.D. (2010). Spousal context during the venture creation process. In J.A. Katz & G.T. Lumpkin (Series Eds.) & A. Stewart, G.T. Lumpkin, & J.A. Katz (Vol. Eds.), Advances in Entrepreneurship, Firm Emergence and Growth: Vol. 12. Entrepreneurship and Family Business (Chapter 4, pp. 113-162). New Milford, CT: Emerald.
Danes, S.M., Lee, J., Amarapurkar, S., Stafford, K., Haynes, G., & Brewton, K. (2009). Determinants of family business resilience after a natural disaster by gender of business owner. Journal of Entrepreneurial Development, 14(4), 333-354.
Danes, S.M., Stafford, K., Haynes, G., & Amarapurkar, S. (2009). Family capital of family firms: Bridging human, Social, and financial capital. Family Business Review, 22(3), 199-215.
Gudmunson, C.G., Danes, S.M., Loy, J.T., & Werbel, J.D. (2009). Spousal support and work/family balance in launching a family business. Journal of Family Issues, 30(8), 1098-1121.
Marshall, M.I., Danes, S.M., & Milligan, R.A. (2009). Goal orientation and quality management practices of farm and non-farm family businesses (February 25, 2009). Available at Social Science Research Network (SSRN): http://ssrn.com/abstract=1349361.
Danes, S.M. (2009). Managing disagreement and conflict over money within couple. In F.L. Willams (Ed.), The shepherd’s guide through the valley of debt and financial change (ppgs. 180-188). Bloomington, IN: AuthorHouse.